If you are true believers of the Bitcoin, here is the ultimate strategy to deal with the Bears:
1. Take your coins off exchanges, store it offline. This way, bears will have no coins to borrow and to short.
2. Use your bitcoins to invest in startups and kickstarters. This way, they create real fundamental value for you.
3. Take international remittance jobs for individuals you known for a competitive friendly fee.
You can create real value out of Bitcoin, rather than being bashed on forum, being ripped off by traders and being sculped by exchanges.
And if you truly want to buy or sell, PM some big whales on the forum and do it privately over the counter.
If we all did this, exchanges will have less and less liquidity and becomes a complete casino. The price discovered by exchanges will no longer be legitimate and representative.
True price of the Bitcoin will then be determined by the cash flows you earned from it.
1. Take your coins off exchanges, store it offline. This way, bears will have no coins to borrow and to short.
2. Use your bitcoins to invest in startups and kickstarters. This way, they create real fundamental value for you.
3. Take international remittance jobs for individuals you known for a competitive friendly fee.
You can create real value out of Bitcoin, rather than being bashed on forum, being ripped off by traders and being sculped by exchanges.
And if you truly want to buy or sell, PM some big whales on the forum and do it privately over the counter.
If we all did this, exchanges will have less and less liquidity and becomes a complete casino. The price discovered by exchanges will no longer be legitimate and representative.
True price of the Bitcoin will then be determined by the cash flows you earned from it.
1 should always be done, never store in exchanges, it's just a bad idea.
2 is dangerous as hell. Look at Neo and Bee as just one example
3, hmm how do I do that then?
The price is what it is, it sucks at the moment, but with such a low market cap, it should rise again soon.
